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Quest Resource Holding Corporation Finalizes Sale of Non-Core Portion of RWS Business
Newsfilter· 2025-04-04 20:00
Core Insights - Quest Resource Holding Corporation has successfully sold a non-core segment of its business, specifically the tenant-direct portion of the RWS commercial property management business, to Lincoln Waste Solutions for approximately $5 million in cash at closing, with potential additional payments based on future performance [2][3]. Financial Impact - The sale is expected to enhance the company's focus on its core portfolio, which is anticipated to yield greater growth and financial returns. It also eliminates a segment that contributed to inconsistent financial performance without generating profits [2][4]. - The total consideration for the sale includes a cash payment of $5 million, with additional amounts not exceeding $6.5 million based on future performance, along with a one-time payment related to acquired accounts receivable [3]. Strategic Focus - The transaction aligns with the company's initiatives aimed at increasing profitability, improving operational efficiencies, and generating more consistent financial results. The company plans to utilize the cash from the sale to pay down debt [4]. - The CEO of Lincoln Waste Solutions expressed confidence in managing the newly acquired clients, highlighting their tailored strategies and extensive experience in the waste management sector [5][7]. Company Overview - Quest Resource Holding Corporation is a national provider of waste and recycling services, focusing on helping larger businesses meet their environmental and sustainability goals. The company offers expertise across various industry sectors to create client-specific solutions that yield measurable business and sustainability outcomes [6]. - Lincoln Waste Solutions, part of Reconomy, specializes in full-service waste and recycling management solutions, serving multi-location businesses across the U.S., Canada, and Puerto Rico, with a focus on maximizing cost savings and enhancing recycling rates [7][8].
BASF Launches the First Plant for Recycled Polyamide 6 Production
ZACKS· 2025-04-02 13:55
Group 1 - BASF SE has launched the world's first commercial loopamid facility in Caojing, Shanghai, with an annual capacity of 500 metric tons, marking a significant advancement in sustainable product supply for the textile sector [1] - Loopamid is a recycled polyamide 6 derived exclusively from textile waste, addressing the textile industry's increasing demand for sustainable polyamide 6 fibers and enabling textile-to-textile recycling across various fabric mixes [2] - The establishment of the loopamid facility supports the textile circular economy and aids customers in achieving their sustainability objectives [2] Group 2 - BASF's shares have declined by 14.4% over the past year, which is less than the 18.7% decline experienced by its industry [4] - BASF currently holds a Zacks Rank of 3 (Hold), while other companies in the basic materials sector, such as Carpenter Technology Corporation, CSW Industrials Inc., and Axalta Coating Systems Ltd., have better rankings [5] - Carpenter Technology has seen a significant share price increase of 156.6% over the past year, outperforming the Zacks Consensus Estimate in the last four quarters with an average earnings surprise of 15.7% [5]
Aemetis(AMTX) - 2024 Q4 - Earnings Call Transcript
2025-03-13 18:00
Aemetis (AMTX) Q4 2024 Earnings Call March 13, 2025 02:00 PM ET Company Participants Todd Waltz - Executive VP & CFOEric McAfee - CEOAndy Foster - PresidentJordan Levy - Vice President - Sustainability Equity ResearchDerrick Whitfield - Managing DirectorMatthew Blair - Managing DirectorDave Storms - Director of Equity Research Conference Call Participants Sameer Joshi - Senior Equity Research AnalystEdward Woo - Director of Research & Senior Analyst Operator Welcome to the Aemetis Fourth Quarter and Year En ...
Cerro de Pasco Resources Receives Final Approval to List on the TSX Venture Exchange
Globenewswire· 2025-03-12 12:00
Core Points - Cerro de Pasco Resources Inc. has received final approval from TSX Venture Exchange for the listing of its common shares effective March 13, 2025, with trading commencing on March 14, 2025 [1] - The company will delist its shares from the Canadian Securities Exchange, with the last trading day on the CSE also being March 14, 2025 [1] - The common shares will continue to trade on the United States OTCQB and the Frankfurt Stock Exchange under their respective symbols [2] Budgeted Work Program of the Metalurgista Project - The company has initiated a two-phase work program on the El Metalurgista concession, with a total budget of $1,024,500 for both phases as per the 2021 Technical Report [3][4] - Due to inflationary pressures and the addition of geophysical and environmental programs, the Phase 1 budget has been updated to $1,607,359, with $620,000 yet to be expended [5] - Phase 2 metallurgical testwork will depend on the outcomes of Phase 1, focusing on the evaluation of potential re-processing of historical Quiulacocha tailings [6] Company Overview - Cerro de Pasco Resources is focused on the development of its 100% owned El Metalurgista mining concession, which consists of silver-rich mineral tailings and stockpiles from over a century of operations at the Cerro de Pasco open pit mine in Central Peru [8] - The company's approach includes reprocessing and environmental remediation of mining waste, contributing to a circular economy [8]
ATRenew(RERE) - 2024 Q4 - Earnings Call Transcript
2025-03-11 18:25
ATRenew Inc. (NYSE:RERE) Q4 2024 Earnings Conference Call March 11, 2025 8:00 AM ET Company Participants Jeremy Ji - Director, Corporate Development & Investor Relations Kerry Chen - Founder, Chairman & Chief Executive Officer Rex Chen - Chief Financial Officer Conference Call Participants Joyce Ju - Bank of America Wan Jiao - CICC Michael Kim - Zacks Small-Cap Research Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to ATRenew Inc.'s Fourth Quarter and Fu ...
Polybutylene Terephthalate (PBT) Strategic Industry Research Report 2024-2030: Growing Prominence of Bio Polymers Driving Demand
Globenewswire· 2025-03-03 09:02
Core Insights - The global market for Polybutylene Terephthalate (PBT) is projected to grow from 1.4 Million Metric Tons in 2024 to 2.0 Million Metric Tons by 2030, at a CAGR of 5.5% [2][8] Market Overview - PBT is a high-performance engineering thermoplastic known for its excellent mechanical and electrical properties, widely used in automotive, electrical, and consumer goods industries [3][4] - The demand for PBT is driven by advancements in polymer technology, enhancing its performance and expanding its application range [4][6] Market Trends & Drivers - The automotive industry is increasingly adopting PBT due to the demand for lightweight and durable materials aimed at improving fuel efficiency and reducing emissions [6][7] - The growth of the electrical and electronics sector, particularly in consumer electronics and smart grid infrastructure, is significantly boosting the demand for PBT components [6][7] - Technological advancements in PBT production and processing are enabling the development of high-performance grades that meet evolving end-user needs [6][7] Sustainability and Environmental Impact - The rising emphasis on sustainability and the circular economy is making PBT an attractive option due to its recyclability and potential to reduce environmental impact [5][7] - Government regulations promoting environmentally friendly materials and the shift towards electric vehicles and renewable energy sources are key drivers for PBT market growth [7] Regional Analysis - The U.S. market for PBT is estimated at 151.8 Thousand Metric Tons in 2024, while China is forecasted to grow at a 7.1% CAGR to reach 734.4 Thousand Metric Tons by 2030 [10] - The automotive application segment is expected to reach 785.4 Thousand Metric Tons by 2030, growing at a CAGR of 6.0%, while the electronics and electrical application segment is projected to grow at a 5.0% CAGR [10] Key Players - Major companies in the PBT market include Lanxess AG, Celanese Corporation, China National BlueStar (Group) Co., Ltd., Covestro AG, and Ester Industries Ltd. [10][12]
Liquidity Services(LQDT) - 2025 Q1 - Earnings Call Transcript
2025-02-06 16:30
Liquidity Services (LQDT) Q1 2025 Earnings Call February 06, 2025 10:30 AM ET Company Participants Michael Patrick - Vice President and ControllerWilliam Angrick - Chief Executive Officer and Chairman of the Board of DirectorsJorge Celaya - Chief Financial OfficerGary Prestopino - Managing Director Conference Call Participants George Sutton - Senior Research Analyst Operator Welcome to the Liquidity Services Inc. First Quarter of Fiscal Year twenty twenty five Financial Results Conference Call. My name is T ...
10万吨锂电回收项目落户湖南
起点锂电· 2025-01-06 10:28
2024年12月27日,娄底市生态环境局发布关于10万吨/年含锂工业废料综合利用项目环境影响 评价文件的决定公示。 据了解, 10万吨/年含锂工业废料综合利用项目由娄底金弘新材料有限公司进行建设。项目总 投资 30000 万元, 其中环保总投资 805 万元,占总投资的比例为2.68%,拟选址娄底高新技 术产业开发区(现有厂区内),用地面积 7632㎡。 报告书内容披露,项目主要建设年处理 10 万吨含锂工业废料提纯生产线,含浸锂车间、碳酸 锂产品车间、浓缩结晶车间、干燥车间、原辅料仓库、控制室等工程;配套建设供配电及分布 式光伏发电、给排水、污水治理、LNG储存气化系统等节能环保设施。 项目主要利用锂玻璃粉、硫酸锂焙砂等原料进行浆化、压滤、净化除杂、沉锂、离心、干燥、 破碎等工序得到产品电池级碳酸锂。项目生产过程中主要会产生 SO2、NOx、颗粒物、硫酸 雾、CO2、挥发性有机物等废气,项目定期更换去除硫酸雾的碱液喷淋废水、设备清洗废水 等。 此外,项目符合园区规划要求以及国家清洁生产和循环经济的要求,项目实施有利于提高资源 利用率,增强企业的市场竞争力和提高灵活性,对节能降耗,缓解区域环境保护压力,实现资 ...